ComCom nudges Fonterra towards greater transparency

Thu, 13 Dec 2018

By Paul McBeth Dec. 14 (BusinessDesk) - The Commerce Commission wants more transparency from Fonterra Cooperative Group, saying the dairy processor hasn't met its commitments to be more forthcoming. The regulator reviews the milk price manual at the start of each season to make sure Fonterra is calculating its farmgate milk price in line with the regulatory regime. The final report on the latest season's manual gave the dairy processor a 'pass' mark, saying there were no major concerns over the latest amendments. However, the commissi...

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